Mosaic Inc.
Solar crowdfunding company
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| March 8 2024 | Minnesota Attorney General filed a lawsuit against Mosaic and three other lending companies, alleging $35 million in hidden fees on nearly 5000 solar panel financing loans, violating state laws on deceptive trade practices and lending. |
| 2021 | Mosaic continued to grow its platform, offering innovative financing solutions that connect investors with solar energy projects and support the transition to clean energy. |
| 2020 | Launched comprehensive clean energy financing solutions, broadening their approach to supporting sustainable energy infrastructure beyond initial crowdfunding model. |
| 2020 | Mosaic introduced an innovative sustainable home improvement loan with up to 18 months of deferred interest and payments, with repayment terms extending up to 25 years. |
| 2019 | Expanded business model to offer residential solar loans, allowing homeowners to finance solar panel installations through their platform. |
| 2019 | Mosaic Inc. became the target of legal claims alleging fraudulent loan practices, with consumers filing lawsuits demanding over $3 million in California. |
| 2019 | Mosaic launched a product enabling solar purchases bundled with other home improvements like roofs, windows, and doors. |
| 2018 | Mosaic expanded its business model to provide residential solar loans, helping homeowners finance solar panel installations through accessible financing options. |
| 2017 | Mosaic introduced a 25-year loan and expanded into other sustainable home improvement verticals. |
| 2016 | Mosaic secured two significant funding rounds: $200 million in warehouse financing from Germany's DZ Bank and the New York Green Bank, and an additional $220 million in equity financing from private equity firm Warburg Pincus. |
| 2016 | Mosaic completed a $220 million Series C equity financing through private equity firm Warburg Pincus. |
| 2016 | Mosaic introduced a battery-only loan product and raised $200 million in funding from Germany's DZ Bank and New York Green Bank. |
| 2015 | Mosaic Inc. was founded as a solar crowdfunding platform, enabling individuals to invest directly in solar energy projects and support renewable energy development. |
| 2014 | The company shifted its business model to focus on financing residential solar projects by leveraging third-party capital partners, aiming to democratize the social and environmental benefits of clean energy. |
| October 2014 | Mosaic secured its first major capital round of $100 million from reinsurer PartnerRe to fund home solar loans, marking one of the first companies to pioneer solar lending with a 20-year solar loan and fully digital financing. |
| March 6 2014 | Mosaic announced the launch of crowdfunded loans for homeowners wanting to install solar panels. |
| April 2013 | Mosaic received approval to sell $100 million worth of solar investments to the California public and released a project for the Ronald McDonald House in San Diego. |
| January 2013 | Mosaic launched an online platform enabling individuals to invest in solar projects, offering a 4.5% annual return. Their first public projects sold out in less than 24 hours, attracting over 400 investors who contributed $313,000 with an average investment of $700. |
| 2012 | Mosaic successfully raised $3.4 million in Series A funding, demonstrating early financial support for their solar crowdfunding platform. |
| 2012 | Mosaic raised $3.4 million in Series A funding and received a $2 million grant from the US Department of Energy's SunShot Initiative to support solar crowdfunding efforts. |
| September 2012 | Mosaic financed its first solar power plant offering a return on investment, with 51 investors raising over $40,000 for a 47 kW project for the Youth Employment Partnership in Oakland, California. The project offered a 6.38% annual return over a 5-year loan period. |
| March 2012 | Mosaic financed five solar power plants using a zero-interest investment model, with 400 people investing over $350,000. The projects created 73 kW of solar energy for local community organizations, saving them more than $600,000 on utility bills and generating over 2,700 job hours for local workers. |
| 2010 | Mosaic Inc. was founded in Oakland, California, initially creating a business model using crowdfunding principles for commercial solar development projects. |
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